#ETH #ethupdates

Here's an update on Ethereum:

*Current Price*: Ethereum's current price is around $2,503.48, with a 1% decrease in the last 24 hours. Over the past week, the price has increased by 2% from $2,465.30.

*Market Performance* ¹:

- *Market Cap*: Ethereum's market capitalization stands at approximately $302.49 billion.

- *24-hour Trading Volume*: The 24-hour trading volume is around $11.80 billion.

- *Total Supply*: The total supply of Ethereum is 120,723,844 ETH.

*Recent Developments* ²:

- *Pectra Upgrade*: Ethereum's Pectra upgrade has introduced new features to improve the network's scalability and security.

- *Dencun Upgrade*: The previous Dencun upgrade introduced proto-danksharding, also known as EIP-4844, to enhance the network's scalability.

*Future Outlook* ³ ⁴:

- *Price Prediction*: Analysts predict Ethereum could reach $8,000 in 2025, driven by rising on-chain activity and institutional interest.

- *Layer-2 Expansion*: Ethereum's layer-2 expansion is expected to drive growth and adoption, despite facing competition from other blockchains like Solana.

- *Regulatory Developments*: The SEC has cast doubt on REX-Osprey's bid to launch staking Ethereum and Solana ETFs, citing concerns that need to be addressed.

*Other News*:

- *SharpLink Gaming*: SharpLink Gaming plans to form a $425 million Ethereum treasury, potentially driving up demand for ETH.

- *Aave Foundation*: The Aave Foundation has started supplying and borrowing from Aave, completing the "full DeFi circle".